Investing.com - TP ICAP (LON:NXGN) reported on Friday second quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
TP ICAP announced earnings per share of £0.1 on revenue of £990.0M. Analysts polled by Investing.com anticipated EPS of £22.20 on revenue of £990.00M.
TP ICAP shares are down 34.33% from the beginning of the year, still down 27.06% from its 52 week high of £425.00 set on December 13, 2019. They are under-performing the S&P/ASX 200 which is down 10.16% from the start of the year.
TP ICAP follows other major Financial sector earnings this month
TP ICAP's report follows an earnings missed by HSBC on Monday, who reported EPS of £0.01 on revenue of £10.09B, compared to forecasts EPS of £0.07 on revenue of £10.64B.
London Stock Exchange had missed expectations on July 31 with second quarter EPS of £0.64 on revenue of £620M, compared to forecast for EPS of £118.60 on revenue of £515M.
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